Weather Summary Hidden in OCR Fragment
Precipitation data show none for Wednesday and normal daily conditions. Daily totals report 0.07 inch deficiency and year to date 12.92 inches with a 0.20 inch deficit since January 1.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 27, 1916
Page
9
Precipitation data show none for Wednesday and normal daily conditions. Daily totals report 0.07 inch deficiency and year to date 12.92 inches with a 0.20 inch deficit since January 1.
Rain continues to aid bulls in the cotton market with prices firming though overall trading volume remains light and subdued across trading floors.
The July spot cotton market opened with gains after a trade paper boosted Alabama and Mississippi conditions. October and January futures rose to 13.13 and 13.36 as weather and crop reports fed buying, with January at 13.49 by midday.
New York reports cotton futures opening steady with varying quotes for October through May contracts. Prices show minor moves and a Liverpool opening expected Friday with gains around 2 to 4 points. The 11 o'clock call provides uncertain results for margins and daily trading activity.
Cotton buyers in San Antonio paid local prices on Thursday for delivery at the Empresses market. Grades listed include middling and low middling with values shown as decimal figures, reflecting district quality categories and standard price quotations.
New Orleans July 27 prices firmed early on rains in the eastern belt and bullish private reports from Mississippi and Alabama. Short covering supported gains with nearby months up to 16 to 17 points at 1:30, August at 2.79 and October 12.91, December 13.07, January 13.17, March 13.35 as futures closed steady.
Spot cotton prices in Liverpool on July 27 quoted Good middling 8.23d and middling 8. Receipts reached 17 000 with 4 000 sales including 400 for speculation and export.
London futures quotes show July 7.964 and various spreads through June July. In Savannah turpentine run stands at 42 percent with 279 sales, 476 receipts, 1217 shipments, and 13 901 stocks. resin firm with 1478 sales, 1243 receipts, 4061 shipments, and 66 577 stocks. price notations include multiple lettered levels from 6.00 to 6.80 across items.
Wheat prices rose at major market centers on Thursday with Chicago reporting a three cent per bushel gain after the market opened. The advance followed reports of black rust in trofucing regions and mills increased flour prices. Dallas mills hiked flour by 20 cents per barrel. San Antonio mills plan a further rise. Egg shortages push cold storage eggs onto the market while wool and hides show weakness. Texas Railroad Commission to consider a 30,000 pound minimum for most canned goods, 20,000 pounds for beans soups and sauces.
Buyers pay steady prices Thursday for Texas country products delivered in San Antonio. Candled butter 21 cents, creamery 25 3% per pound, country 20 cents, packing stock 18 19 cents per pound. Hens 4.40 per dozen, large fryers 4.50, 5.60, turkeys 16 17 cents per pound, ducks 4.00 per dozen, geese 4.60 5.00 per dozen.
Quotations show butter higher with creamery at 24 27 percent, eyes steady. receipts 11 361 cases including firsts at 22 22 and ordinary firsts at 21 24. Potatoes lower with 60 car receipts. Virginia barreled at 2.85 and bulk 2.40. Poultry unsettled with fowls 17 cents and springs 21 23 percent.
Quotations to Gay were as follows Butter Creamery 28c firsts 26c second 22c packing 21c Eggs Firsts 22 1 4c Poultry Hens 16c roosters 10c broilers 2i New potatoes steady Oklahoma Arkansas Texas and Louisiana 60 6c Kaw Valley early Ohios steady 60c
The page lists cotton statistics by bases including Calverton and Savannah with various totals. It notes stock figures for yesterday and last week, along with seasonal deficits. It also shows Galveston stock, trade totals for Great Britain, foreign ports, coastwise ports, and compresses with large numeric headings.
Union Stock Yards reports July 27 gains as Fort Worth and San Antonio hold firm. Texas receipts at Fort Worth include cattle, calves, horses, and hogs with prices steady to slightly higher. Rains boost grass outlook, improving demand though some buyers stay away in the afternoon.
Fort Worth Texas July 27 cattle receipts around 200 dollars and market steady with Reevers calves and heifers priced from 5 to 9.50. Hog receipts near 8000 with heavy to common ranges 7 to 10 dollars and pigs around 5 to 7. Sheep receipts 750 with yearlings to 8.75 and ewes to 6.75.
Wheat prices rose sharply led by reports of crop damage from the black rust region in the northwest. Opening quotes for September and December futures climbed, then settled with modest gains while corn showed strength on dry weather and late rains. Provisions remained largely unchanged as prices fluctuated.
Thursday buyers paid sharp prices for feed in San Antonio with corn at Texas No 3 4c mixed 2c Northern No 3 white 1 Oats Texas No 3 red 440 Hay prices included Mile maize No 8 bulk 115 feterita No 8 bulk 115 Kaffir corn No 3 bulk 115 cane hay ton 1250 prairie hay per ton 5 John son grass per ton 1260 alfalfa choice pea green New Mexico per ton 1800.
Receipts and prices from Chicago show 16,000 hog entries and 11,000 sheep with market strength for hogs and firmness for sheep. Hog categories range from light to heavy with bids about 9.45 to 10.15, cattle see steady to firm values across native beef, western steers, stockers, cows, calves, and feeders, while prices for wethers and lambs appear in the 6.90 to 10.80 range.
Receipts for hogs total 8000 with prices 8 to 9+ dollars. Bulk and loins range 9.40 to 9.85 while heavy hogs reach 9.80. Cattle receipts near 6000 with prime fed steers 9.75 to 10.50 and cows 4.50 to 7.50. Sheep receipts 3000 with lambs 9.80 to 10.35 and yearlings 7.75 to 8.25.
Receipts on quotations show hogs 9000 head with markets 6 cents lower. Pigs and lights 9.00 to 9.85, mixed and butchers 9.70 to 9.95, good heavy 9.35 to 9.95, bulk 9.65 to 9.90. Cattle receipts 3500, market slow. native beef steers 7.0 to 10.25, yearlings 8.60 to 10.00, cows 5.50 to 8.00, stockers 5.30 to 8.25, Texas/Oklahoma steers 5.50 to 9.10, prime south of i 9.00 to 10.00, native calves 6.00. Sheep receipts 3000, market slow. spring lambs 7.00 to 10.00, slaughtered ewes 5.00 to 7.25, bleating ewes 9.00 to 10.00, yearlings 6.00 to 9.60.
Cotton seed closes strong with spot bid at 9.00 dollars. Futures shown for January at around 7.98 to 7.99, February and later months mixed near 8 to 9 dollars. Total sales reported as 34,000 units.
President Wilson named Charles E. Lobdell of Great Bend Kansas George W Norris of Philadelphia W S A Smith of Sioux City Iowa and Herbert Quick of Berkeley Springs West Virginia as members of the new farm loan board established under the rural credits bill. Secretary McAdoo serves as ex officio member of the board.
In New York on July 27, cotton goods were quiet and firm. Staple dress fabrics priced for spring 1917 show increases of five to twenty cents a yard over fall prices from last spring. Mills will limit quantities. Worsted yarns steady. Demand improves for burlap. Laces and embroideries quiet.
Fort Worth reports cattle sales with buyers from Cresson and Tite listing weights and prices. Oklahoma City notes receipts of 1600 cattle with hogs and sheep market activity. Kansas City shows 5000 cattle with quarantine care and steady to strong market, including several buyers at different locations.
The report lists No 2 red wheat at about 1.27 dollars and 1.284 dollars, No 2 hard at 1.26 dollars, corn No 2 yellow around 84 cents, oats standard about 41 to 42 cents, and barley at roughly 5 to 7 cents per unit.
Quotations reported in St Louis on July 27 show No 2 red wheat at 1301 85 and No 2 hard at 12241 23. Corn prices listed include No 3 82 1 2 cents and No 2 white at 82 1 2 cents with additional entries for No 2 40 and No 2 white not final.
The report lists grain futures with No 2 hard wheat at 1.18 to 1.22, No 2 red wheat 1.19 to 1.28, No 2 mixed corn 80 to 81 cents, No 2 white corn around 80 to 81 cents, No 2 yellow corn 80 to 81 cents, No 2 white oats 41 to 42 1/2 cents, and No 2 mixed oats around 89 1/2 cents.
In Kansas City on July 27 grain futures closed steady as heat pressed markets. July rose to 1.15 percent and September gained 1.17 percent with July at 9 and September at 76.
Marine intelligence from Galveston reports the arrival of the E Valle from New York and the sailing of the Mercian from Britain bound for Liverpool.
Provisions market quotes from Chicago show pork loin lard and rib prices with July and September values. San Antonio reports local packing house prices for dry salt bacon, bellies, hams, and lard. New York coffee futures steady with Rio No 7 at 9 1 2 cents and September at 8 45 per bag.
Washington July 27 prices of meat animals show a steady advance with a 0.5 percent rise from June 15 to July 15. Hog prices average 8.40 per hundred pounds, beef cattle at 6.78, sheep 6.83, and milk cows 62.01 per head. Prices are higher than a year ago and above the six year averages. Horse prices up 63 cents per head.
New York metal markets report steady copper at 24.00 to 27.00 with electrolytic pricing noted. Lead and spelter show soft activity while tin remains quiet with spot offers around 38.26. London also lists lead and spelter prices with copper futures in pounds sterling. Street dialect vignette ends with a domestic quarrel about cleaning and missing items.
New York July 27 selling pressure again marked the dull open with Industrial Alcohol Mexican Petroleum Goodrich and other munition and motor issues retreating. New French notes saw heavy trading with a 300000 block at 98 while secondary prices firmed on light interest.
New York reports time loan terms of 60 days at 3 percent, 90 days at 3 4 percent, and six months at 4 4 percent. Call money remains steady with rates high near 24 percent and low around 2 percent. ruling rate at 2 percent.
Bar silver trades at 30140 per ounce in London markets with money rates at 4 percent. Discount rates show short bills at 5% with six month bills at 6 percent and three month bills around 5.4 percent.
New York July 27 mercantile paper 4 percent and sterling rates with 60 day options. Cables quoted at 71 1/2 percent demand with sizeable sums. Mexican dollars at 49 cents. Government and railroad bonds show irregular activity. Rat silver at 63 4 cents. Guilders demand and cables around 417.16.
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